Looking to Trade up

[Killerb]

I've been in the process to trade in my 18' CCSB CTD for a new model has 4,300miles and the dealers are offering laughable trade value. Anyone with similar experience?

 

[bryce88]

I don't have a personal experience trying to trade a truck in but whenever a new generation of truck is released the value of the previous generation noticably decreases, so it's not surprising that dealers aren't willing to pay much. I personally always sell my vehicles on the private market to get more value out of them.

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[Ohio5pt7]

Better offer selling private. You lose 10k the second it leaves the lot. I know your pain even more so I have a 18 1500 cc express and its sitting over 45k miles already actually glad I leased it because trade in is like 22k

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[mtnrider]

Soon as you drive it off the lot you take a huge hit in value. Trying to trade a truck with that few miles is kind of crazy. You will not get anywhere near what you "think" it is worth.... Even on the private market.


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[Killerb]

Totally understand depreciation on a new vehicle when I drove it off the lot however $24,000 off MSRP in less than a yr is unacceptable!. Considering the local dealers inventory is considerably more for a lot less truck.

 

[jasonw]

Many dealers will give you laughable values, no matter what you do. Sometimes you just have to drive far to a dealer that treats you properly, or as others state here, sell private party. Personally, I drive far and find the right dealer. With everyone being so sue happy these days, and wanting everything for nothing, I would rather not deal with the general public when it comes to car sales.

 

[Ram904]

I had looked to trade my 2017 Ram. Had one dealer offer $25500 for my trade but they wouldn’t come down on their truck. I walked out.

 

[Graygoose]

all they need is one person to trade in with that deal, they cash in. Unless they make a deal, never trade in. Always sell outright.

 

[HitchHiker]

Better offer selling private. You lose 10k the second it leaves the lot. I know your pain even more so I have a 18 1500 cc express and its sitting over 45k miles already actually glad I leased it because trade in is like 22k

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Sure hope you priced in some major miles on the lease, otherwise you're going to get killed on mileage penalties when you hand it back in. Most of the default leases on RAM's only assume 10k miles per year.

 

[Ohio5pt7]

Sure hope you priced in some major miles on the lease, otherwise you're going to get killed on mileage penalties when you hand it back in. Most of the default leases on RAM's only assume 10k miles per year.

It was a 45k mile lease total needless to say its parked lol.

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[E-rok]

You can still buy brand new leftover 18 CTDs for ~42k, thats why.

 

[JoeCo]

all they need is one person to trade in with that deal, they cash in. Unless they make a deal, never trade in. Always sell outright.

Just factor in the states that have sales tax trade in credit. If you get $30-40k for your trade in, that's 30-40k less you get taxed on. In our state sales tax is 8% or up depending on your county (saw OP is from Painted Post, not sure if he's from NY as well?). That's what always gets me trading in, I can't get enough privately to make up for that tax credit and the hassle of selling privately vs trading in.

However, if I lived in a state without the trade in credit, I would absolutely sell privately.

 

[mikeru]

I live in a state with the trade-in tax credit, and share your sentiment on that.

There is another issue with selling privately. That's whether or not there is a lien on the vehicle. I'd rather not buy from a private party if they're still paying on it. I know I'm not alone in saying that I don't like the extra hassle of having to wait for the title after paying the seller, or going through an escrow. Either way is a hassle. Sellers usually have to settle for less in those instances, which makes it not worth the bother as a seller.

OP, I went through a similar experience with my 2017 Rebel. Book value on it was $36.5k according to NADA, but the local dealers I went to all told me they would only give me $32.5k. I'm not willing to take that kind of loss so I decided to keep the Rebel (for now). But eventually I will upgrade to a HD, and know I'll take a hit when I trade it in.

 

[Killerb]

I just find it rather humorous for the sticker prices of these new trucks nowadays and the lowball trade offers its no wonder why dealer's get such a bad reputation..

 

[Ram904]

I just find it rather humorous for the sticker prices of these new trucks nowadays and the lowball trade offers its no wonder why dealer's get such a bad reputation..

I agree! I decided that I am going to keep mine until it is paid off. Then I will either trade or sell it.

 

[BigRed4x4]

It was a 45k mile lease total needless to say its parked lol.

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Am I understand this correctly? Is it a 3 year , 15k mile per year lease and you maxed out your mileage after give or take one year?

 

[Steve Cloud]

Why trade an 18? Just keep driving it...

 

[Killerb]

Why trade an 18? Just keep driving it...

Up size to a Mega cab 3500, Family is getting bigger.

 

[coobie]

NOT a good time to sell.End of the year with HUGH rebates going on with the 2019 models.Keep what you have.

 

[RLJ10X]

You're in an '18 Cummins Turbo Diesel that is 7 years newer than my truck, and you're just not happy.

Good luck getting any sympathy from me! Lol.

I don't think the problem is your truck.